Is Corporacion America Airports SA overvalued or undervalued?

As of 17 October 2025, the valuation grade for Corporacion America Airports SA has moved from attractive to very expensive, indicating a shift towards overvaluation. The company appears to be overvalued based on its P/E ratio of 22, which is significantly higher than the peer average of 22.80, and an EV to EBITDA ratio of 6.77, which also exceeds the industry benchmark. Additionally, its Price to Book Value stands at 2.36, suggesting that the stock is priced at a premium relative to its book value.
In comparison to peers, Vontier Corp. has a lower P/E of 15.89 and an EV to EBITDA of 11.87, while Bristow Group, Inc. is valued more favorably with a P/E of 9.82 and an EV to EBITDA of 7.87. Despite a strong historical performance over the long term, with a 5-year return of 826.67% compared to the S&P 500's 91.29%, the recent trends show a decline, with a year-to-date return of -3.16% against the S&P 500's 13.30%. This suggests that while the company has had impressive past returns, its current valuation may not be justified by its recent performance.